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Molycorp Stock Gaps Down On Today's Open (MCP)

Shares of Molycorp (NYSE:MCP) were gapping down Thursday morning with an open price 14.8% lower than Wednesday's closing price. The stock closed at $10.79 yesterday and opened today's trading at $9.19.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Shares of Molycorp (NYSE: MCP) were gapping down Thursday morning with an open price 14.8% lower than Wednesday's closing price. The stock closed at $10.79 Wednesday and opened today's trading at $9.19.

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The average volume for Molycorp has been eight million shares per day over the past 30 days. Molycorp has a market cap of $1.48 billion and is part of the basic materials sector and metals & mining industry. Shares are up 13.6% year to date as of the close of trading on Wednesday.

Molycorp, Inc., a development stage company, engages in the production and sale of rare earth oxides in the western hemisphere.

TheStreet Ratings rates Molycorp as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Molycorp Ratings Report.